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AI & Enterprise
Big Short\'s Michael Burry resumes Tesla short, targets Nvidia and semiconductor ETF
Investor Michael Burry, known as the real-life figure behind the film \'The Big Short\', disclosed a new short position in Tesla at $416.22 as part of a broader wager against what he called overheating in AI and semiconductors. He also listed shorts in Caterpillar, Nvidia, iShares Semiconductor ETF and Applied Materials. He did not disclose the size or structure of the Tesla position. Burry argued semiconductor valuations are at an extreme level.
Finance
KOSPI breaks through 8,000 for first time on AI chip rally
South Korea\'s KOSPI index crossed the 8,000 mark for the first time intraday on May 15, extending a rally led by large chipmakers such as Samsung Electronics and SK Hynix. The index has risen about 21 percent in May after first clearing 7,000 on May 6. The move is underpinned by expectations of stronger AI-related memory demand, though heavier dependence on chip bellwethers could increase volatility.
Industry
SKC declares transparent management, CEO to disclose business update
SKC appointed Kim Jong-woo as its new chief executive and held a shareholder briefing after its annual meeting to disclose its business status and investment plans. The company said it will invest 590 billion won from a 1 trillion won rights offering in its glass substrate unit Absolics and use the remaining 410 billion won to repay borrowings. SKC also outlined turnaround plans for existing businesses and board appointments.
